Monetary Policy reviewed but 4 to 12 core loan limit not Amendment

Nov Sat 2021 04:21:47

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Monetary Policy reviewed but 4 to 12 core loan limit not Amendment

Kathmandu. Nepal Rastra Bank has reviewed the monetary policy of the first quarter of the current fiscal year. In the review, the limit of Rs 4 and 120 million in share pledge loan has not been amended. Investors, who had earlier protested against the provision of margins of Rs 4 to 12 crore on share collateral, are satisfied. Nepal Rastra Bank (NRB) had provided Rs. NRB had made an arrangement to take loan up to Rs 120 million from all banks and financial institutions from one bank to Rs 40 million.

Investors have also alleged that this arrangement has reduced the share market. Due to this provision, some investors also protested. However, investors are still satisfied that the NRB has not made any changes in the system. Capital market investor Ambika Prasad Poudel said that Nepal Rastra Bank had to be satisfied with whatever came as it did not expect anything from the monetary policy review of the current fiscal year.

Similarly, Chairman of Nepal Investors Forum Chhotelal Roniar said that the NRB has not made any changes in the system even though it is necessary to adopt flexibility. According to him, now investors will have to invest by analyzing the stock market rather than despair.

Radha Pokhrel, chairperson of the Nepal Capital Market Investors Association, should also review the limit of Rs 4-12 crore, She says that even though it seems that there is no review now, she will not start again after that. She said that despite the assurance of Finance Minister Janardan Sharma that this provision would be amended, it has not been fulfilled.